US EditionForeign currency bank loans edged up in Q4 2024
2 Articles
2 Articles
Foreign currency bank loans edged up in Q4 2024
MANILA, Philippines – Foreign currency-denominated loans granted by local banks grew slightly in the last quarter of 2024, as disbursements exceeded principal repayments. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that outstanding loans handed out by the foreign currency deposit units (FCDU) of banks had amounted to $15.82 billion, up from the $15.75 billion recorded at the end of September 2024, On an annual basis, FCDU loans…
Bank lending rates fall in CEMAC despite tight monetary policy – Cameroon Intelligence Report
Interest rates charged by banks in the CEMAC region dropped over the past year, even as the regional central bank tried to tighten credit. Data from the Bank of Central African States (BEAC) shows that the average interest rate on loans between July and September 2024 was 9.45%, down from 9.78% during the same period in 2023. That’s a drop of 33 basis points, despite BEAC’s ongoing efforts to cool down inflation by making borrowing more expensiv…
Coverage Details
Bias Distribution
- 100% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
